XML 40 R25.htm IDEA: XBRL DOCUMENT
v3.25.1

Income Tax Expense | 12 Months Ended
--- | ---
Dec. 31, 2024
Major components of tax expense (income) [abstract] |
Income Tax Expense | Income Tax Expense (1)Details of income tax expense for the years ended December 31, 2024, 2023 and 2022 are as follows:
| 2024 |  | 2023 |  | 2022
| (In millions of Korean won)
Current tax on profit for the year |  |  |  |  |
Current year | ₩ | 22,199 |  |  | ₩ | 37,459 |  |  | ₩ | 27,932 |
Deferred tax expense |  |  |  |  |
Change in net deferred tax assets | (754) |  |  | (742) |  |  | (1,108) |
Income tax expense | ₩ | 21,445 |  |  | ₩ | 36,717 |  |  | ₩ | 26,824 |
(2)The differences between the tax expense on the Group’s profit before tax and the amount that would arise using the statutory tax rate applicable to profits of the entities for the years ended December 31, 2024, 2023 and 2022 are as follows:
| 2024 |  | 2023 |  | 2022
| (In millions of Korean won)
Profit before income tax | ₩ | 106,347 |  |  | ₩ | 168,699 |  |  | ₩ | 109,882 |
Income tax using the statutory tax rate of each country | 19,749 |  |  | 31,300 |  |  | 23,951 |
Adjustments |  |  |  |  |
Expenses not deductible for tax purpose | 481 |  |  | 9 |  |  | 7 |
Non taxable income | (350) |  |  | (131) |  |  | — |
Withholding tax | 6,322 |  |  | 8,615 |  |  | 5,028 |
Utilization of previously unrecognized loss carried forward | (298) |  |  | (714) |  |  | (239) |
Tax credit | (1,413) |  |  | (1,174) |  |  | (2,131) |
Corporate tax on unappropriated earnings | 95 |  |  | (134) |  |  | 1,085 |
Changes in deferred tax liabilities related to investment in subsidiaries | (1,058) |  |  | (422) |  |  | (1,101) |
Others | (2,083) |  |  | (632) |  |  | 224 |
Total adjustments | 1,696 |  |  | 5,417 |  |  | 2,873 |
Income tax expense | ₩ | 21,445 |  |  | ₩ | 36,717 |  |  | ₩ | 26,824 |
Effective tax rate | 20 | % |  | 22 | % |  | 24 | %
(3)Details of the changes in deferred income tax assets (liabilities) for the years ended December 31, 2024 and 2023 are as follows:
| 2024
| Beginning balance |  | Increase (decrease) |  | Ending balance
| (In millions of Korean won)
Deferred income tax on temporary differences |  |  |  |  |
Property and equipment | ₩ | 51 |  |  | ₩ | 126 |  |  | ₩ | 177 |
Intangible assets | 665 |  |  | (582) |  |  | 83 |
Other non-current assets | 25 |  |  | (11) |  |  | 14 |
Accounts payables | 1,518 |  |  | 252 |  |  | 1,770 |
Accrued expenses | 282 |  |  | 29 |  |  | 311 |
Deferred revenue | 355 |  |  | (273) |  |  | 82 |
Allowance for doubtful account | 1,179 |  |  | (1,122) |  |  | 57 |
Other non-current liabilities | 82 |  |  | (4) |  |  | 78 |
Lease | (38) |  |  | 22 |  |  | (16) |
Investments in subsidiaries | (2,368) |  |  | 1,170 |  |  | (1,198) |
Others | 882 |  |  | (1,143) |  |  | (261) |
Sub Total | 2,633 |  |  | (1,536) |  |  | 1,097 |
Deferred tax due to carry-forward losses | 701 |  |  | 448 |  |  | 1,149 |
Deferred tax due to tax credit carry-forward | 236 |  |  | 1,842 |  |  | 2,078 |
Deferred tax assets (*) | 5,952 |  |  | (335) |  |  | 5,617 |
Deferred tax liabilities | ₩ | (2,382) |  |  | ₩ | 1,088 |  |  | ₩ | (1,294) |
| 2023
| Beginning balance |  | Increase (decrease) |  | Ending balance
| (In millions of Korean won)
Deferred income tax on temporary differences |  |  |  |  |
Property and equipment | ₩ | 38 |  |  | ₩ | 13 |  |  | ₩ | 51 |
Intangible assets | 442 |  |  | 223 |  |  | 665 |
Other non-current assets | 202 |  |  | (177) |  |  | 25 |
Accounts payables | 1,701 |  |  | (183) |  |  | 1,518 |
Accrued expenses | 233 |  |  | 49 |  |  | 282 |
Deferred revenue | 94 |  |  | 261 |  |  | 355 |
Allowance for doubtful account | 299 |  |  | 880 |  |  | 1,179 |
Other non-current liabilities | 81 |  |  | 1 |  |  | 82 |
Lease | (30) |  |  | (8) |  |  | (38) |
Investments in subsidiaries | (2,791) |  |  | 423 |  |  | (2,368) |
Others | (278) |  |  | 1,160 |  |  | 882 |
Sub Total | (9) |  |  | 2,642 |  |  | 2,633 |
Deferred tax due to carry-forward deficits | 759 |  |  | (58) |  |  | 701 |
Deferred tax due to tax credit carry-forward | 2,078 |  |  | (1,842) |  |  | 236 |
Deferred tax assets (*) | 5,660 |  |  | 292 |  |  | 5,952 |
Deferred tax liabilities | ₩ | (2,832) |  |  | ₩ | 450 |  |  | ₩ | (2,382) |
(*) The future realizability of deferred tax assets is reassessed by taking into consideration various factors such as the each entity's performance, the overall economic environment and industry outlook, expected future earnings and deductible period of tax credits carry-forward and carry-forward deficits. As of December 31, 2024 and 2023, the Group has recognized deferred tax assets related to temporary differences, tax loss carryforward and tax credit carryforwards, which can be utilized based on the likelihood of each entity's future taxable income. This amount may change if the estimate of future taxable income changes. (4)Details of unused tax loss carryforwards and unused tax credit carryforwards that are not recognized as deferred income tax assets as of December 31, 2024 are as follows:
Year of expiration |  | Unused loss carryforwards |  | Unused tax credit carryforwards
2025 |  | ₩ | 1,421 |  |  | ₩ | 148 |
2026 |  | 2,002 |  |  | 175 |
2027 |  | 352 |  |  | 163 |
2028 |  | 2,135 |  |  | 520 |
2029 |  | 348 |  |  | 402 |
After 2029 |  | 9,571 |  |  | 986 |
Total |  | ₩ | 15,829 |  |  | ₩ | 2,394 |
(5) As of December 31, 2024 and 2023, the Group did not recognize deferred income tax asset for the temporary difference of Won 22,504 million and Won 23,087 million relating to investments in subsidiaries as it is not probable such temporary differences can be utilized in the foreseeable future. (6) The gross balances of deferred tax assets and liabilities for the years ended December 31, 2024 and 2023, is as follows:
| December 31, 2024 |  | December 31, 2023
| (In millions of Korean won)
Deferred tax assets |  |  |
- Deferred tax assets to be recovered after more than 12 months | ₩ | 2,784 |  |  | ₩ | 1,601 |
- Deferred tax assets to be recovered within 12 months | 5,725 |  |  | 5,801 |
Sub-total | 8,509 |  |  | 7,402 |
Deferred tax liabilities |  |  |
- Deferred tax liabilities to be recovered after more than 12 months | (1,019) |  |  | (15) |
- Deferred tax liabilities to be recovered within 12 months | (3,167) |  |  | (3,817) |
Sub-total | (4,186) |  |  | (3,832) |
Deferred tax assets (liabilities), net | ₩ | 4,323 |  |  | ₩ | 3,570 |
(7) The impact of the global minimum tax The Group is required to pay an additional tax amount on the difference between the GloBE effective tax rate of each subsidiary's jurisdiction and the minimum tax rate of 15%, in accordance with the Pillar 2 legislation. All entities within the Group have an effective tax rate that exceeds 15%, except for Gravity Game Vision Limited that operates in Hong Kong. The Pillar 2 income tax expense recognized during the year ended December 31, 2024 is Won 457 million, and exceptions have been applied regarding the recognition and disclosure of related deferred tax assets and liabilities

X
- Definition The entire disclosure for income taxes. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 12 -IssueDate 2024-01-01 -Section Disclosure -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=12&code=ifrs-tx-2024-en-r&doctype=Standard&dita_xref=IAS12_g79-88_TI -URIDate 2024-03-27 + Details
Name: | ifrs-full_DisclosureOfIncomeTaxExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_MajorComponentsOfTaxExpenseIncomeAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration